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Fitzroy Minerals Announces Closing Of First Tranche Of Non-Brokered Private Placement
(TheNewswire)   VANCOUVER, BRITISH COLUMBIA, March 13, 2026 – TheNewswire ...
About this update from Fitzroy Minerals Inc
[{"type":"text","content":"Fitzroy Minerals Announces Closing Of First Tranche Of Non-Brokered Private Placement\n(TheNewswire)\n\n \n\n\nVANCOUVER, BRITISH COLUMBIA,\nMarch 13, 2026 – TheNewswire – FITZROY\nMINERALS INC. (TSXV: FTZ, OTCQX: FTZFF, FSE: C3Y) (“Fitzroy\nMinerals” or the \"Company\") is\npleased to announce that it has closed the first\ntranche (the “First\nTranche”) of its previously announced\nnon-brokered private placement (the “Private Placement”).\n\n\n \n\n\nThe Company raised aggregate gross proceeds of\n$18,930,000 in the First Tranche via the issuance of:\n\n\n \n\n\n\n6,130,000 common shares of the Company (LIFE Shares”)\nissued under the “listed issuer financing exemption” at a price of\n$0.50 per LIFE Share, for aggregate gross proceeds of\n$3,065,000to the Company; and \n\n\n\n31,730,000 units of the Company (the Units”), issued\nunder other applicable prospectus exemptions, at a price of $0.50 per\nUnit, for aggregate gross proceeds of $15,865,000. Each Unit is\ncomprised of one common share of the Company (a “Unit Share”) and\none-half of one common share purchase warrant (each whole warrant, a\n“Warrant”). Each Warrant entitles the holder thereof to purchase\none additional common share of the Company at an exercise price of\n$0.80 per share for a period of two years following the date of\nissuance of the Warrant. \n\n\n\n \n\n\nSubject to compliance with applicable regulatory\nrequirements, the LIFE Shares are offered as part of an offering (the\n“LIFE Offering”) conducted pursuant to the listed issuer financing\nexemption under Part 5A of National Instrument 45-106 – Prospectus Exemptions (“NI\n45-106”) and in reliance on the Coordinated\nBlanket Order 45-935 – Exemptions from Certain Conditions of the Listed Issuer Financing\nExemption. The LIFE Shares will not be subject\nto a hold period under applicable Canadian securities laws. There is\nan offering document related to the LIFE Shares that can be accessed\nunder the Company’s profile at www.sedarplus.ca and on the\nCompany’s website at www.fitzroyminerals.com. Prospective investors\nshould read this offering document before making an investment\ndecision. The LIFE Offering r...